Reserve Bank of India Leaves Lending Rate Steady
The Reserve Bank of India left its benchmark lending rate unchanged Tuesday as it waited for more signs that…
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Banks news
BNP Paribas Chairman Steps down: Company
The chairman of BNP Paribas has resigned, some three months after the French bank was hit by a record $8.9 billion…
NBK-Egypt: Mizan Fund’s Net Profits Jump 335% in a Year
The National Bank of Kuwait – Egypt announced Monday a 335% year-on-year surge in net profits of its mutual fund…
Suez Canal Certificate Sales Pump EGP27bn into Egypt’s Banks: Official
Investment certificates issued earlier this month to finance the digging of a new Suez Canal have attracted EGP 27…
Qatar Did not Request Deposit Withdrawal from Egypt – Official
Egyptian authorities have not received any request from Qatar to return its $2.5 billion deposited in the Egyptian…
Misr Iran Joins Central Bank’s Housing Initiative Next Month
Egypt’s Misr Iran Development Bank announced allocation of EGP 150 million to participate within next month in the…
Egypt Sees $225mn from Islamic Development Bank for Sharm el-Sheikh Airport
Islamic Development Bank (IBD) is allocating a loan worth $450 million to finance the development of Sharm…
Mashreq Eyes Turkey, Egypt for Acquisitions
Dubai's Mashreq is targeting Egypt and Turkey for acquisitions to expand beyond its crowded home market, its chief…
AfDB Lends NBE, CIB Egypt $215 million
Egypt’s biggest state-owned National Bank of Egypt (NBE) has recently received a financing worth around US$200…
AfDB Pledges $500mn in Aid to Egypt in 2015
The African Development Bank (AfDB) is allocating a financing portfolio worth US$500 million for Egypt within 2015,…